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Maps. In tracy, this is westbound 580 past grant line, there was a big rig hit from behind by a car. Thats cleared up. 14 Miles Per Hour and 9 Miles Per Hour there. We want to jump over to oakland. Road work wrapped up here at eastbound 580 between macarthur boulevard and dutton avenue at 6 00 a. M. Speeds are slow so be prepared. Thanks. This morning a new resource for those affected by the kincade firement an Assistance Center is opening in Sonoma County as crews continue to make progress to contain this fire. Heres the latest. The kincade fire has burned more than 77,000 acres. Its now 78 contained. Crews hope to get full containment by thursday. Liz kreutz is live with more. Liz . Good morning. We snow know So ....
The dow, s p 500, nasdaq alltime highs. First time all three have been there since midjuly. Is ace Strong Economy. Strong corporate earnings. More happy talk on trade today. If you havent bought this market by now, dont despair. The experts. They have missed this one big time. Should you race in before they do their job . Gibbs welt management erin bibs and sarge guilfoyle. Erin, start with you. One of oldest axioms on wall street, new highs beget new highs but when the train leaves the station you have to be there. We wanted to make sure about the dividend cut. Now that that is out of the way charles just the tone . Just a tone. No more negative. Now that is out of the way, stocks are pushing up. Theyre not expensive. Were, talking s p 500 is trading right at its average, threeyear average valuation. It is not super high. Not extremely risky. Were looking at about almost 10 Ear ....
Lets look at where we stand in the markets the dow hitting a new high up 117 points the s p and nasdaq all in record territory. Earnings are driving the market highs its getting rewarded. Bob is at the New York Stock Exchange with more were at new highs because the market has successfully rotated into former out of favor sectors. Im talking about cyclicals. Whatever happened to the Global Economic slowdown. Those are the two classic cyclicals on a global level. Communication services are Media Companies also doing well. Even bank stocks doing well as the yields curve has steepened in the last month. Its not just here in the u. S. I think a lot of people were surprised to find that europe is moving up. We had new highs in italy and germany and france theres your european etf. A lot of this is because the bank s ....
The commons elects a new speaker, dragged to the chair in line with tradition. Its sir Lindsay Hoyle, whos already promising a new start. This house will change, but it will change for the better. Thank you. Cheering doctors and Health Leaders in england warn politicians against using the nhs as a political weapon during the Election Campaign. We have a special report on the fate of children who go missing from care across england and wales. And we meet one of the greatest statesmen of the last century, who shares his concerns about the future of the globe. And coming up on sportsday on bbc news, could west brom go top of the championship this evening after Matt Phillips put them ahead early on against stoke . Good evening. In yet another sign of the economic fragi ....
Carol welcome to Bloomberg Businessweek. I am carol massar inside bloomberg headquarters in new york. This week, political troubles on both sides of the atlantic. A formal impeachment inquiry is opened on President Trump. Therefore today, i am announcing the house of representatives moving forward with an official impeachment inquiry. Carol plus, a defiant Boris Johnson dragged back to parliament to explain why he broke the law. We take a look at what a hard brexit might look like. President trumps political future among the topics front at center at bloombergs forum in new york. When you added together, i think what it leads to is not a recession, but a slow down growth globally, which is what we are experiencing. Carol more on that ahead. First up, here is editor joel weber on this weeks cover story. This is on ....